JINDAL SAW LTD Announces Quarterly Results (3QFY19); Net Profit Up 56.0%

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JINDAL SAW LTD Announces Quarterly Results (3QFY19); Net Profit Up 56.0%
Fri, 25 Jan

JINDAL SAW LTD has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m21,14723,37223,4190.2%10.7%
Other incomeRs m660644569-11.6%-13.8%
TurnoverRs m21,80724,01623,988-0.1%10.0%
ExpensesRs m18,65620,38220,284-0.5%8.7%
Gross profitRs m2,1892,9903,1354.9%43.3%
DepreciationRs m6247247270.3%16.5%
InterestRs m8631,442815-43.5%-5.6%
Profit before taxRs m1,3621,4672,16247.4%58.8%
TaxRs m39946466142.3%65.4%
Profit after taxRs m9621,0031,50249.7%56.0%
Gross profit margin%10.312.813.4
Effective tax rate%29.331.630.6
Net profit margin%4.44.26.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 10.7% on a year-on-year (YoY) basis. The expenses were up by 8.7% YoY during the same period.
  • The company's operating profit increased by 43.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 3QFY19 as against 10.3% in 3QFY18.
  • Depreciation charges increased by 16.5% and finance costs declined by 5.6% YoY, respectively.
  • Other income declined by 13.8% YoY during the quarter.
  • Net profit for the quarter increased by 56.0% YoY. Net profit margins during the quarter increased from 4.4% in 3QFY18 to 6.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.5% QoQ during the same period.
  • The company's operating profit increased by 4.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 3QFY19 as against 12.8% in 2QFY18.
  • Net profit for the quarter increased by 49.7% QoQ, while net profit margins increased from 4.2% in 2QFY18 to 6.3% in 3QFY19.

To see how JINDAL SAW LTD has performed over the last eight quarters, please visit here.

JINDAL SAW LTD Share Price Performance

Over the last one year, JINDAL SAW LTD share price has moved up from Rs 154.8 to Rs 80.5, registering a Loss of Rs 74.4 or around 48.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,855.2 (up 0.0%). Over the last one year it has moved down from 15,683.0 to 10,855.2, a gain of 4,828 points (down 30.8%).

Overall, the S&P BSE SENSEX is up 0.6% over the year.

Current Valuations

At the current price of Rs 80.5, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 4.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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JINDAL SAW LTD Announces Quarterly Results (2QFY20); Net Profit Up 202.5% (Quarterly Result Update)

Nov 5, 2019 | Updated on Nov 5, 2019

For the quarter ended September 2019, JINDAL SAW LTD has posted a net profit of Rs 3 bn (up 202.5% YoY). Sales on the other hand came in at Rs 24 bn (up 0.7% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

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For the quarter ended June 2019, JINDAL SAW LTD has posted a net profit of Rs 1 bn (up 53.1% YoY). Sales on the other hand came in at Rs 26 bn (up 13.0% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

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